# Tex. Insurance Code § 401.005: ALTERNATIVE FILING FOR CANADIAN OR BRITISH INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.005

## Section

- **Citation:** Tex. Insurance Code § 401.005
- **Heading:** ALTERNATIVE FILING FOR CANADIAN OR BRITISH INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code in / Chapter 401 / Section 401.005

## Text

(a) Instead of the audited financial report required by Section 401.004, an insurer or health maintenance organization domiciled in Canada or the United Kingdom may file the insurer's or health maintenance organization's annual statement of total business on the form filed by the insurer or health maintenance organization with the appropriate regulatory authority in the country of domicile. The statement must be audited by an independent accountant chartered in the country of domicile.

(b) The chartered accountant must be registered with the commissioner under Section 401.014(a). The registration must be accompanied by a statement, signed by the accountant, indicating that the accountant is aware of the requirements of this subchapter and affirming that the accountant will express the accountant's opinion in conformity with those requirements.

## Nearby sections

- [Tex. Insurance Code § 401.001 § 401.001. DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.001.md)
- [Tex. Insurance Code § 401.002 § 401.002. PURPOSE OF SUBCHAPTER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.002.md)
- [Tex. Insurance Code § 401.003 § 401.003. EFFECT OF SUBCHAPTER ON AUTHORITY TO EXAMINE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.003.md)
- [Tex. Insurance Code § 401.004 § 401.004. FILING AND EXTENSIONS FOR FILING OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.004.md)
- [Tex. Insurance Code § 401.005 § 401.005. ALTERNATIVE FILING FOR CANADIAN OR BRITISH INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.005.md)
- [Tex. Insurance Code § 401.006 § 401.006. EXEMPTION FOR CERTAIN SMALL INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.006.md)
- [Tex. Insurance Code § 401.007 § 401.007. EXEMPTION FOR CERTAIN FOREIGN OR ALIEN INSURERS OR HEALTH MAINTENANCE ORGANIZATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.007.md)
- [Tex. Insurance Code § 401.008 § 401.008. HARDSHIP EXEMPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.008.md)
- [Tex. Insurance Code § 401.009 § 401.009. CONTENTS OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.009.md)
- [Tex. Insurance Code § 401.010 § 401.010. REQUIREMENTS FOR FINANCIAL STATEMENTS IN AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.010.md)
- [Tex. Insurance Code § 401.011 § 401.011. QUALIFICATIONS OF ACCOUNTANT; ACCEPTANCE OF AUDITED FINANCIAL REPORT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.011.md)
- [Tex. Insurance Code § 401.012 § 401.012. HEARING ON ACCOUNTANT QUALIFICATIONS; REPLACEMENT OF ACCOUNTANT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.012.md)
- [Tex. Insurance Code § 401.013 § 401.013. ACCOUNTANT'S LETTER OF QUALIFICATIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.013.md)
- [Tex. Insurance Code § 401.014 § 401.014. REGISTRATION OF ACCOUNTANT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.014.md)

---

Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cin_C401_S401.005. Check the current official text before relying on it. Not legal advice.